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Market Impact: 0.2

Wheat Starting Thursday with Slight Losses

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & PositioningDerivatives & Volatility

Wheat front-month contracts were trading down about 1 to 5 cents early Thursday, while Chicago SRW futures closed Wednesday up roughly 6.25 to 7.75 cents. Open interest rose by 6,588 contracts on Wednesday, signaling some new buying interest. Overall the market shows short-term volatility with mixed intraday direction.

Analysis

Wheat front-month contracts were trading down about 1 to 5 cents early Thursday, while Chicago SRW futures closed Wednesday up roughly 6.25 to 7.75 cents. Open interest rose by 6,588 contracts on Wednesday, signaling some new buying interest. Overall the market shows short-term volatility with mixed intraday direction.

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Market Sentiment

Overall Sentiment

mixed

Sentiment Score

0.05